The European target includes government R & D, but that has been especially hard hit by the cuts. This picture has always been worrying, but its even worse during a period of austerity. The Chancellor’s 2011 Budget promise of “a more balanced economy, by encouraging exports and investment” needs some working on.

Written by Richard Exell

I am the TUC’s Senior Policy Officer covering social security, tax credits and labour market issues, including the debates about the European social model and labour market flexibility. I also represent the TUC on the Industrial Injuries Advisory C…